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Security
January
6, 2005
Neural,
Cerebrus join forces to combat fraud
ENGLAND
AND BANGALORE -- Neural Technologies Ltd. (NT3) and
Cerebrus Solutions Ltd. (CSL) recently joined together,
creating a market leader in the provision of neural
network-based credit, risk and fraud management solutions
to the telecommunication and financial sectors.
The new company, to be called Neural Technologies Ltd.,
will be immediately providing a broad range of solutions
that includes the ability to identify potential fraudsters
when they initially apply for service on the operator's
network, through to when they are actually committing
fraud as a subscriber. The company has more than 30
patents approved or pending and plans to aggressively
enforce specific patents that relate to finding fraud
in telecom networks with the use of neural network technology.
The new company will have over 40 customers, located
in the United States, Western Europe, Eastern Europe,
Russia, the Middle East, Africa, New Zealand/Australia,
Asia Pacific and South America. They are some of the
largest telecom operators in the world and many others
that are primary operators in their respective geographical
region. The company will continue supporting the existing
traditional fraud management systems known as Minotaur
and CerebrusRE, from each company. Existing customers
will see no change in their technical support processes,
or in the way that they request additional enhancements
to each of the products. Customers will also benefit
from a combined board of directors and a senior management
team that will include technical and commercial managers
from each company.
Neural Technologies has established itself as a leading
provider of risk management, fraud and revenue assurance
solutions. With its foundation in research, development
and consultancy in neural analysis and design, the company
has built a worldwide reputation as an innovator and
creator of products of unrivalled quality, using data
extraction, manipulation and analysis to increase bottom-line
returns for customers across the globe. Cerebrus is
a leading provider of fraud management solutions based
on innovative neural network technology.
Contact:
Neural Technologies
Tel: +44-1730-260-256
www.neuralt.com
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